Hi Everyone,
I am writing this to post a question which has been on my mind for a while.
These days everybody is going Tech.
Many publicly discussed entrepreneurial journies start around Tech, and end with Tech.
But why aren’t there many stories coming out about Non-Technical StartUps?
StartUps in sectors like – Textiles (who actually make textile, not design&deliver them), or food startups (which actually make food), or hobby startups (which aren’t an app)?
Why is Indian StartUp Scene predominated by Technology based startups so much?
Why is VC and Angel Investor level people invested only in Tech StartUps? Why are most of our ATL & BTL ads/promotions heavily about apps?
In the end, do we really spend so much of our time on such apps, services, etc. that it is over-and-above most of the other sectors of StartUps?
Also, an ironical observation from my exposure to StartUps has been that many Technology driven StartUps are funding driven, not profit driven.
In fact, as many Financial Reports elucidate, they are in fact in losses, and just burning cash funded through repeated rounds of investment.
On the contrary, most of the StartUps in traditional fields actually are profitable, and make good business. Isn’t that the core tenet of doing business – Make profit?
Isn’t it blasphemous (for the want of emphasis) to even have a conversation on StartUp Ecosystem of a Country without factoring in the Non-Technical, or the Profitable, or the High Employment-generating sectors?
Would love to know your views on this.
Thanks, Karthik
My Twitter handle is @SpectrumLess